First Choice Federal Credit Union
Overview / Commentary
First Choice Federal Credit Union is headquartered in New Castle and is the 123rd largest credit union in the state of Pennsylvania. It is also the 2,448th largest credit union in the nation. It was established in 1952 and as of December of 2018, it had grown to 10 employees and 6,411 members at 2 locations. First Choice Federal Credit Union has a B health rating.
Field of Membership Restrictions
Membership is open to those who live, work or worship in Lawrence County.
See current membership details
Health
B
Data as of Q4 2018
Learn why bank health mattersAdditional Factors: Institutions with a small asset base, a short operating history, or negative return on assets can represent an instability risk beyond what their financial ratios indicate. First Choice Federal Credit Union has a low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 8229 |
| Year Chartered | 1952 |
| Employees | 10 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.56% |
| Return on Equity - YTD | 6.63% |
| Annual Interest Income | $1.4MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2018vs Q4 2017 | $44.0MM$43.4MM |
| Loans | Q4 2018vs Q4 2017 | $32.6MM$29.6MM |
| Deposits | Q4 2018vs Q4 2017 | $40.2MM$39.8MM |
| Equity Capital | Q4 2018vs Q4 2017 | $3.8MM$3.5MM |
| Loan Loss Allowance | Q4 2018vs Q4 2017 | $156.00K$116.00K |
| Unbacked Noncurrent Loans | Q4 2018vs Q4 2017 | $165.00K$171.00K |
| Real Estate Owned | Q4 2018vs Q4 2017 | $0$0 |
Rates
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First Choice Federal Credit Union Savings Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.75% | - | - | IRA Share Account | |
| 0.20% | - | - | Christmas Club Account | |
| 0.20% | - | - | Vacation Club Account | |
| 0.10% | $100 | - | Regular Share Account | |
| 0.10% | - | - | Escrow Account | |
| 0.10% | - | - | Loan Collateral Account |
Locations
| First Choice Federal Credit Union Locations | ||
|---|---|---|
| Branch Office | 2209 W State St | New Castle, PA 16101-1138 |
| Branch Office | 1144 Butler Ave | New Castle, PA 16101-4264 |